The gloves are back, hopefully it can rebound high to last year’s level.

he shud write one last time to admit he's a @#$%.

i doubt shorties are doing much as the net short position is still over 3% for quite some time edi (The position percentage doesnt move much)..

looks to me the last 15 min, shortie continued.

possible they short covered some earlier, then shorted again.

i dun have data... but that wud make sense.

likely today same thing...?

no, no...

that "net short" position data while dated 22 apr is actually end of day 21 apr.

can only see on monday morning.

3.14% has been the peak, afaik.

more like pharma cos., gomens and in particular politicians were saying loudly in early-mid 2020:

"we have vaccine, covid19 will disappear by summer, by year end".

most people believed it... that everyone lives happily ever after.

as if the virus can be thumbed dead so easily and quickly.

now, india is seeing >300k cases a day, and yet some experts think it is under reported, may be 5 times higher.

this will cripple india's economy and affect global economy greatly.

what is travel-hospitality-leisure sectors going to look like in 6, 12, 24 months time?

this is not good for anyone, f up our lives for sure.

but what is more worrying is when the next class of virus will jump into humans and transmit.

looking at covid19 in 2020-2021, i doubt the world is better prepared for a future pandemic.

hopefully, the harta QR will do another "kossan"!

It's kinda under, isn't it?

Even I, was expecting 3 billion profits for the year...  (you can refer my brief expectation on posting #52796

Not too healthy playing stocks if one constantly makes si pendek a concern.

Why?

At best, si pendek only controls err.. 5% or is it 4%?

And poor pendek gotta challenge the rest.

So if the stock is really, really, really good.. si pendek sure to die la. Without a doubt.

If TG is really a super buy, why worry?

Unless of course.. the concern and the issues are real.

No?

Regarding the recycled news..

I was really curious who did it.....



The CBP news

https://www.cbp.gov/newsroom/local-media-re...d-labor-finding

That was released 12 hours ago...



so it seems this was an official news released on CBP website itself... despite being 'old' news...

I guess it's not really fair to blame Mat Pendek la...

But dude.... it's so pointless.

Think about it for a second.....
if you think TopG is so manipulated ..... then why want to stick your neck out in such a rotten position?
look, you can search more... but the original re-release of this 'old' news was from CBP itself.

which means you are directly saying that CBP is in cohort with JPM itself...
if so crooked .... I seriously advice you not to play TopG or even touch any stocks that has shorts or even CALL Warrants against it lo...
and then the flipside... have you ask yourself... is there or is there not any VALID reason to short TopGlove?

it's no problem... I am merely blowing water.

anyway, just stick to what you know best. 

most people spat on SPMX's recent QR.

can always find reason to spit on careplus too, i guess.

Rev QoQ +87%
PAT QoQ +192%

net margin 32.69%->51.29% - ASP falling off a cliff?

https://www.bursamalaysia.com/market_inform...?ann_id=3155738
https://klse.i3investor.com/servlets/stk/annqtyres/0163.jsp
https://www.theedgemarkets.com/article/glov...ong-top-gainers

BTW, TG's LWC et al buying again... maybe next QR is a monster one?!

that is correct, no one is silly enuf to expect ASP to keep rising; or if it doesn't, it is a bad stock, doomed!!
the question now is whether ASP will fall off a cliff like many say.

the answer lies in the tussle between a structural change in global demand vs change in global supply.

if one thinks supply will quickly outstrip demand in the coming months, with PER going from single to triple digit, then the industry will consolidate.

if one thinks additional supply will come gradually, picked up by incr demand, prices will ease gradually over next 2-5 years.

then, we will see who will emerge victorious and who will wither.

victorious in terms of continuous excellent profits; wither in terms of selling at very low prices for survival, then close shop.

that is normal in biz, nothing special, happens in all industries, everytime.

3rd party consultants have given their assessment, i will not speculate too much.

Ignore all noises and start looking into the intrinsic value of the glove companies that you want to invest.

Don’t need to keep thinking of whether ASP will decline or what’s the next PAT. Those are not important in your consideration of intrinsic value, at all, except the cash that has been generated. When you look back, it’s just a process in every company growth path. You invest in the future, not now.

Imagine you are investing into a future company, a company that has suddenly grown 7 or 8 years ahead of schedule. What additional intrinsic value would you give them?

Follow that path and you will be alright. ASP, capacity, CBP, whatever, are not your concern if you are doing investment, as market will find an equilibrium by its own nature way. Don’t need to complicate things. Financial models are clear and simple.

There are many people who talk a lot in internet, especially in i3. But among them, I don’t think they have the capability to double up their capital every 4 to 5 years, especially for those who doesn’t have billions of capital. That’s the minimum capability one should have before they can be considered as good trader/investor. So majority of their opinions are worthless to listen to. It’s important to be selectively listening.

My 2cent.